Monday, April 4, 2016

Calculation for Fiscal Policy



A country reports that its government outlays total $1.8 trillion and its receipts total $1.6 trillion. Does the country have a budget surplus or deficit and what is the surplus or deficit? 


#Parkin #11edition #FiscalPolicy #Chapter30
Fiscal Policy

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2 comments:

  1. Rully MangunsongApril 4, 2016 at 9:53 AM

    Answer:
    The country has a budget deficit. The deficit equals $0.2 trillion.

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